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S. 1077

BillFederalSenateIn Committee
A bill to require judicial review of Suspicious Activity Reports.
About This Bill
Committee
Latest Action · May 25, 2011
Read twice and referred to the Committee on the Judiciary.
Congress
112th (2011–2013)
Introduced
May 25, 2011
Sponsor
Sen. Rand PaulR
Cosponsors (0)
None
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Summary

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Prohibits the Secretary of the Treasury from requiring any financial institution or any other entity subject to regulation or oversight by the Secretary or pursuant to federal securities laws specified in the Securities Exchange Act of 1934 to report suspicious transactions relevant to a possible violation of law or regulation, unless the appropriate U.S. district court issues an order finding that a warrant could be issued under the search and seizure provisions of the Federal Rules of Criminal Procedure.

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